Question

On June 1, 2020 Raghav Enterprises showed the following balances in their books:
3 Assets: Cash Rs. 85000; Stock Rs. 128000; Owing by Ramesh Chand Rs. 36000
4 Liabilities: Owing to Bankey Behari Rs. 31000; Owing to Hari Gopal Rs. 18000
5
6 His transactions for the month were as follows:
7 June, 2020
8
2 Paid to Hari Gopal Rs. 17600; Discount Received Rs. 400
9
4 Sold goods to Ramesh Chand Rs. 10,000
10 7 Sold goods to Vishambhar Sahai Rs. 46000
11 11
Received a cheque from Ramesh Chand & Co. 15000
12
12
Paid sundry expenses Rs. 13100
13
14
Bought goods of Bankey Behari Rs. 23000
14
16
Sold goods to Vishambhar Sahai Rs. 6500
15
19
Received from Ramesh Chand Rs. 20,000
16
22
Raghav withdrew for private use Rs. 4000
17
29 Bought goods from Hari Gopal Rs. 43500
18
30 Sold goods for cash Rs. 7500
19
31
20
Paid sundry expenses Rs. 5000
21
22 Date
23 01-06-2020 Cash A/c Dr.
24
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Answer 1

Answer:

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